What Is a Blank Endorsement? A blank endorsement is a signature on a financial instrument such as a check. No payee is specified, so any holder of the instrument could claim payment….
Which Wednesday Character Are You Based On Your Zodiac Sign?
So that’s it, you watched the series Wednesday on Netflix? Frankly, it looks good: we torch the series in one evening and we guess a little what will happen in advance but…
Bank Bill Swap Bid Rate (BBSY) Definition and How It’s Used
What Is the Bank Bill Swap Bid Rate (BBSY)? The Bank Bill Swap Bid Rate (BBSY) is an Australian benchmark interest rate quoted and dispersed by the data provider Thompson Reuters Information…
How It Works and Obligations
What Is Delivered-at-Place (DAP)? Delivered-at-place (DAP) is an international trade term used to describe a deal in which a seller agrees to pay all costs and suffer any potential losses of moving goods sold to a…
Electronic Check Presentment (ECP) Definition
What Is Electronic Check Presentment (ECP)? Electronic check presentment (ECP) is a process that allows financial institutions to exchange digital images of checks instead of paper to increase the speed of the…
Blockchain Technology’s Three Generations
In the development of the internet, one can point to landmark events that can be used to divide the process into stages. Among these important landmarks are the creation of the first wide-area computer…
How are leveraged buyouts financed?
A leveraged buyout (LBO) is a type of acquisition in the business world whereby the vast majority of the cost of buying a company is financed by borrowed funds. LBOs are often executed…
3 Reasons China’s Slowdown Is Cause for Concern
Investors across the globe are increasingly worried about the state of China’s economy–the world’s second-largest economy after the United States–which has been severely impacted by rising credit levels, a slowdown in its…
Top 10 cookies from our childhood that we miss the most
Hello nostalgics! Want to remember the good old days? So let’s talk about all those biscuits that we ate at snack time and that we can no longer find on the shelves…